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Back Wave analysis
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Back Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, and EUR/GBP on January 26th
GBP/USDAnalysis:On the British currency chart, the
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GBP/USDAnalysis:On the British currency chart, the trend direction since the beginning of last year has been defined by an upward wave algorithm. The unfinished segment of the main trend has been counting from early November. As of now, its structure has not been completed. Price is approaching the lower boundary of a wide, large-scale potential reversal zone.Forecast:Over the coming days, a continuation of the upward price movement of the British pound is expected. After that, a sideways (flat) bias along
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Isabel Clark,
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